Abstract
Maritime Electric Company is a Canadian investor-owned electric utility based in Prince Edward Island. Established in 1918, the Company owns and operates a fully integrated system providing for the generation, transmission, and distribution of electricity throughout the Island. Maritime Electric operates generating plants in Charlottetown and Borden, and has an equity interest in NB Power's unit in Dalhousie, New Brunswick. Its 4,400 km distribution system and 560 km transmission system are linked to the mainland power grid by two submarine cables between the Island and the province of New Brunswick. This report describes the Company's operations, power production and sales for the year, with relevant statistical information. Financial statements are also included. In 1991 increases in operating revenue were lower than forecast due to the recession. Tight control of expenses, together with higher rates allowed a satisfactory rate of return. Earnings per share were $1.79 compared to $1.61 in 1990. Demand side management initiatives were enhanced, and a customer survey indicated satisfaction with service. Plant life extension programs continued at the Charlottetown generating station.
Citation Formats
None.
Maritime Electric Co. Ltd. annual report, 1991.
Canada: N. p.,
1991.
Web.
None.
Maritime Electric Co. Ltd. annual report, 1991.
Canada.
None.
1991.
"Maritime Electric Co. Ltd. annual report, 1991."
Canada.
@misc{etde_6287514,
title = {Maritime Electric Co. Ltd. annual report, 1991}
author = {None}
abstractNote = {Maritime Electric Company is a Canadian investor-owned electric utility based in Prince Edward Island. Established in 1918, the Company owns and operates a fully integrated system providing for the generation, transmission, and distribution of electricity throughout the Island. Maritime Electric operates generating plants in Charlottetown and Borden, and has an equity interest in NB Power's unit in Dalhousie, New Brunswick. Its 4,400 km distribution system and 560 km transmission system are linked to the mainland power grid by two submarine cables between the Island and the province of New Brunswick. This report describes the Company's operations, power production and sales for the year, with relevant statistical information. Financial statements are also included. In 1991 increases in operating revenue were lower than forecast due to the recession. Tight control of expenses, together with higher rates allowed a satisfactory rate of return. Earnings per share were $1.79 compared to $1.61 in 1990. Demand side management initiatives were enhanced, and a customer survey indicated satisfaction with service. Plant life extension programs continued at the Charlottetown generating station.}
place = {Canada}
year = {1991}
month = {Jan}
}
title = {Maritime Electric Co. Ltd. annual report, 1991}
author = {None}
abstractNote = {Maritime Electric Company is a Canadian investor-owned electric utility based in Prince Edward Island. Established in 1918, the Company owns and operates a fully integrated system providing for the generation, transmission, and distribution of electricity throughout the Island. Maritime Electric operates generating plants in Charlottetown and Borden, and has an equity interest in NB Power's unit in Dalhousie, New Brunswick. Its 4,400 km distribution system and 560 km transmission system are linked to the mainland power grid by two submarine cables between the Island and the province of New Brunswick. This report describes the Company's operations, power production and sales for the year, with relevant statistical information. Financial statements are also included. In 1991 increases in operating revenue were lower than forecast due to the recession. Tight control of expenses, together with higher rates allowed a satisfactory rate of return. Earnings per share were $1.79 compared to $1.61 in 1990. Demand side management initiatives were enhanced, and a customer survey indicated satisfaction with service. Plant life extension programs continued at the Charlottetown generating station.}
place = {Canada}
year = {1991}
month = {Jan}
}